FBR Capital Reiterates a Hold Rating on Energy Focus

By Ryan Adsit

In a report issued on March 17, Carter Driscoll from FBR Capital reiterated a Hold rating on Energy Focus (NASDAQ: EFOI). The company’s shares opened today at $3.56, close to its 52-week low of $2.95.

According to TipRanks.com, Driscoll is ranked 0 out of 5 stars with an average return of -16.5% and a 29.4% success rate. Driscoll covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Amer Superconductor, and Hydrogenics Corp.

Currently, the analyst consensus on Energy Focus is Hold and the average price target is $4.50, representing a 26.4% upside.

In a report issued on March 6, Roth Capital also reiterated a Hold rating on the stock with a $3 price target.

Based on Energy Focus’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $7.19 million and GAAP net loss of $7.81 million. In comparison, last year the company earned revenue of $17.25 million and had a net profit of $1.66 million.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EFOI in relation to earlier this year.

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Energy Focus, Inc. designs, develops, manufactures, and markets of energy-efficient lighting systems. It operates through the marketing and sale of commercial, industrial, and military maritime lighting products and research and development services. The company was founded in 1985 and is headquartered in Solon, OH.